The dog owner’s sickle is sparking! Today, $DOGE opened at 0.21853, precisely stuck at the middle Bollinger band 0.21860, playing dead, peaked at 0.21905 before being blown up by bears, and directly smashed through support at the end of trading, closing at 0.21806, barely holding on near the lower Bollinger band 0.21756. The trading volume reached 10.618 million, breaking through the MA5 and MA10 moving averages, combined with the 200 million DOGE transfer to Binance at 10:30, showing whale movements; the dog owner's traces are brighter than street lights.
Currently, the MA5 and MA10 moving averages have crossed and are pressing down, and all three rebounds were crushed with long upper shadows, making it easier for the bears to control. The key support is at 0.2175, and if broken, it must spike down to 0.214 to fill the gap. The order volume on the exchange has shrunk to a daily 30%, and the buying pressure is so thin that the dog owner could break through with a sneeze. In the morning at nine, the heavy news of Tesla cutting the DOGE payment channel directly collapsed the MEME sector, with BOME, PEPE, and other little brothers collectively crashing.
The bears hold the chip advantage of the quarterly contract settlement at midnight, likely to take another wave of leverage longs down. The spot traders lurking at 0.214 with bleeding chips is the right path, while the upper middle band 0.2186 has become an obvious pressure point. Without a significant volume breakout above the upper Bollinger band 0.21986, it’s all just trickery. Lastly, a note: the dog owner is playing high throws and low buys within the Bollinger bands, and before breaking through the upper band with volume, all sudden spikes are just traps for slaughtering pigs!
If you currently feel trapped, helpless, confused in trading, or want to learn more about the crypto space and cutting-edge information, click on my avatar to follow me, and don’t get lost in this bull market!
